What category of property includes apartment buildings, single-family homes, and other residential units?

The category of property that includes apartment buildings, single-family homes, and other residential units is residential property. This classification encompasses a variety of dwelling types designed primarily for people to live in.

Residential properties are designed to provide a living space, catering to the housing needs of individuals and families. This category covers a spectrum of residential structures, including detached single-family homes, townhouses, condominiums, and multifamily buildings like apartment complexes. The understanding of residential property is fundamental in real estate, as agents often specialize in this area to address the housing market and related transactions.

In contrast, commercial property refers to properties used for business purposes, such as offices, retail spaces, and restaurants, while industrial property includes warehouses, factories, and distribution centers that support commercial operations. Mixed-use property incorporates both residential and commercial elements, allowing for a blend of living spaces and business areas, but would not solely encompass residential units. Thus, the identification of residential property is clear when distinguishing between these types of real estate.